Cloudbuy Share Discussion Threads

[jonc] 22/1/2020 10:17

George???

Just brief bullet points will do if you are busy.

[kemche] 22/1/2020 10:04

Yes but apart from that it's really great.

[jonc] 22/1/2020 10:03

The latest trading update says:

-- the company strategy has been to focus on PHBChoices, this has not performed as expected and the resulting shortfall in revenue means that further significant cost reductions are required:

WTF is encouraging about that?

Tell us.

[kemche] 22/1/2020 09:56

You are far too astute for my tiny brain.

[biggeorge54] 22/1/2020 09:53

Going by your logic theres 10m or so shares readily available, why would mm’s lift the price from 0.35 (where buyers were more than happy to buy decent volume). Instead a few buys down there and they take this up, thats what meant by not offering up stock which as you allude to, should be there to be bought up.

[biggeorge54] 22/1/2020 09:49

Yep those same directors who were ‘going to vote in favour’ of delisting. Not anymore they’re not. 2+2 =

Math is hard.

[kemche] 22/1/2020 09:42

Oh my giddy aunt. Mm's not offering stock??? Try the directors. I believe they were!

[biggeorge54] 22/1/2020 09:32

Left holding the baby? LOL

Loans aren’t due for over a year. Yes the nomad would go if not paid, well done for figuring that out.

To outvote Sella there has to be around 7m votes against, rest assured these have been made. You pay your money though and take your chances, this is aim.

Maybe look towards the recent trading update and realise what is going on here and why they want to take it private, its quite the opposite of ‘running out of cash’.

Not long to wait now, lets see who’s right. Mm’s aren’t offering much stock down here.

[troutisout] 22/1/2020 09:22

First Sella doewn't need to get the Company to go private, when he calls in the loans and the Company cannot pay (which they will never be able to do!) the Company is his anyway.
The BoD need it to go private as they can keep drawing a salary under the cloak of darkness, if it remains listed it cannot afford the listing costs and I suspect the NOMAD will be the first to go if not paid.
The argument that they won't get 75% of the shareholders voting is vacuous as they only need 75% of the voted shares to vote for them and no matter what the trading vultures on twitter try and say, their trading shares won't be enough to change things.
Whichever way it goes it is dead, go private and you won't have a tradable holding unless you can find someone, stay listed and can't afford the costs so gets delisted anyway. I think the BoD reckon it is better for them to do the former, other shareholders are really rogered whatever the outcome.
Can't wait to see which ones whine at the end of it all that they got left holding the baby....You had been warned!

[jonc] 22/1/2020 09:22

Judging by your utter stupidity I'll carry on as j am.

[biggeorge54] 22/1/2020 09:17

Judging by your posting history i’d rather carry on doing what im doing thanks.

[jonc] 22/1/2020 09:16

We know.

There is no doubt about it.

You buy if you like but you might as well set fire to a bundle of twenty pound notes.

[biggeorge54] 22/1/2020 09:14

We’ll see.

[jonc] 22/1/2020 09:13

Not in this case.

[biggeorge54] 22/1/2020 09:12

One mans trash is another mans treasure.

[biggeorge54] 22/1/2020 09:06

If you say so, Russian roulette is a good example. For those in the know and current prices, i would say yes with 1 in the chamber and thats made of plastic too.

Understand this may be risky for some but for others its an easy 150-200% from 0.35p levels. Time will prove one of us right, view my previous comments and you’ll see i’ve been right before and i will be again.

[jonc] 22/1/2020 07:33

Buying these is like playing Russian roulette with six bullets in the barrel.

[kemche] 22/1/2020 03:53

Some very intelligent comments there. Makes eminent sense.

[biggeorge54] 22/1/2020 01:49

This wont go through, resolution wont get over 75% as needed to take private. Shares are the cheapest they’ll ever be. Once the vote is confirmed then shares will have to be bought on open market. Gap to fill at 0.90 and it’ll get there quickly

[interestedparty7] 21/1/2020 18:25

At last someone talking sense!! Deadline for proxy votes through brokers/platforms apparently gone, but voting in person on the 27th still possible...we’ve been through arguments about lack of any market for shares if delisted, loss of SIPP shares, loss of ISA tax wrappers...might be worth a trip to Company HQ?? Painful but ultimately worth it to possibly salvage a shred of hope for poor shareholders? See my previous comments about how £400k (?) savings pa but staying listed gives all holders a chance? That chance won’t exist if we delist. All IMO...good luck to all.

[biggeorge54] 21/1/2020 18:04

The doomsayers will disappear with a vote against resolutions, previous post was from August update which isn’t as bleak as some make out here. Sella got a lot of money in here around 3-5p and trying to take it through the backdoor with taking it private. Not going to happen, if he wants our shares he can pay for them on the open market.

[biggeorge54] 21/1/2020 18:00

Operational



· We have seen an increase in the number of CCG's joining PHBChoices over the first half and this has accelerated in July and August with a related increase in the numbers of PHB holders now using the system

· We have developed a pipeline of additional eprocurement and digital prospects assisted by our presence on G-Cloud 11

· The Company Formations business was successfully sold resulting in cash receipts of £279K. This transaction continues our strategy of simplification, allowing us to focus on our growth sectors.

Revenue of £538K was an improvement of 11% (2018: £485K), as a result of an increase in revenue from PHBChoices.

· Our existing ecommerce and eprocurement customers continue to produce revenue and provide opportunities for growth, this is partially offset by the continuing reduction in revenue from legacy customers.

Ronald Duncan, Executive Chairman and CIO of cloudBuy, commented,



"We have made progress in the first half of the year, with an increase in core revenue and a continuing focus on cash management and cost reduction. PHBChoices has contributed to the revenue increase and revenue from this area is growing. There is evidence that CCG's are under pressure to deliver more PHB's and increasingly they are reaching out to PHBChoices for a solution.



Our existing customer base continues to provide consistent revenue and we have a number of opportunities for additional revenue growth from this group. In Canada the success of York District School Board's roll out of the eprocurement system has resulted in a second school board taking up the solution, as well as interest from other boards. There are 70 boards in Ontario that can use the solution under the terms of the procurement, and we are engaging with a Canadian reseller to pursue these opportunities.



Following the publication of G-Cloud 11 we have generated a number of enquiries about our solutions from a range of different UK public sector prospects, this has produced an early stage pipeline of opportunities. The opportunities cover eprocurement as well as digital citizen engagement specifically for Local Government organisations.